Up cycle now, page-117

This sort of post underpins exactly what I have been saying: Longs are resorting to emotional arguments (and name calling), and are in denial about the fundamentals of this stock. I find this type of thing disappointing, but expected. I have seen it elsewhere in similar situations.

FLT remains vastly overvalued. Net Tangible Assets has declined over the past 12 months, and stock on issue has doubled. Monthly Total Transactional Volume (TTV) has been decimated, and forward earnings projections are very not encouraging. Doesn't matter which valuation model you use, but you can't get anywhere near $20. On this forum, noone has even attempted to post a valuation that can substantiate that number, or anything near to it. I know the longs will disagree, and that some of them will resort to a slanging match. Normal. This merely supports the argument though.

I am yet to see FLT actually post any business response or projections. Please correct me if I am wrong.

Kit.